First of all.. The author States that Bitcoin can be hyperinflated with knock offs? Really? This coming from the missis institute. I thought they were in favor of competing currency's? and what evidence is there for his reasoning? Right now there are litterally hundreds of digital currency's yet Bitcoin has emerged as #1 currency by the free market. What a stupid Starfish analogy. Absolutely horrible.
His argument for anonymity is that it's not... Yea, if you attach your name to a Bitcoin and transact in illegal things using that Bitcoin, your not anonymous. It's like writting your name on a hundred dollar Bill and stating youre buying cocaine from John on it. Bitcoins is anonymous you just need to use some common sense.
Bubble? Its only a bubble if you value things in dollars.How much would you pay to be free from banker oppression? How much would you pay to have wealth in a currency that cant be devalued? How much would you pay for privacy? How much would you pay to be free of taxation? This is a patadigm shift.. we are living through a transformation of human history. Old rules dont apply.. bitcoins is only in a bubble if you value things in dollars.. and even then its not a bubble if the price never comes down.
I dont mind people who don't like Bitcoin. I believe they are foolish, stubborn, uneducated, and dogmatic.. but hey, that's there prerogative. It's just a shame how so many normally intellectually brilliant and honest folks have resorted to lies, smears, and propaganda because they are uncomfortable with the on going paradigm shift.
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